The other thing that I would like to suggest to the whole business community — I know that there are some businesses that, themselves, are faced with troubles and can’t do this, but if a lot of businesses would take a look and see if they could hire just one person, it’d be interesting to see how much we could reduce those unemployment rolls. And there must be some that can’t, I know, because of their own troubles. But there must be others that could probably do even more than one — but if everyone would just simply look at it from the standpoint there are more businesses in the United States than there are unemployed. The mainstream media – the only media at the time – lambasted Pres. Reagan’s call to arms for private business to help with the then serious unemployment problem. Relying on the private sector to solve society’s problems was the Reagan way, but an anathema to tenants of the ivory towers. Nonetheless, a recent Newsweek cover story suggests that Obama should do the same as Reagan: talk the US out of its recession. Reagan’s policies probably did more to help with the 1981-2 recession than his words, but he was the great communicator. While Obama lacks Reagan’s policy ethos (he fashions himself a pragmatist, A.KA. a finger to the wind populist), Obama is the great communicator of the left. That is why Obama should stop bashing AIG, and business in general. Despite fashioning the language that allowed the AIG bonuses and signing it into law, Obama claims outrage. The AIG language was inserted entirely by Democrats without consulting Republicans. How the media allows people like Obama and Sen. Dodd to publically decry their own back room shenanigans is yet another case study in bias. Indeed why are Democrats and their media keeping this issue alive when all trails lead back to Washington and Hartford? Obama can’t resist bashing AIG because it serves his strategy of keeping business on the ropes until they can be regulated into submission. Even though the AIG bonuses amount to 1/1000th of its bailout money, Democrat outrage keeps the door to new regulation wide open. Further, in this environment, lobbyists representing financial firms will fare as well Nazi cigarette manufacturing pornographers. All this is part of the Emanuel doctrine of capitalizing on the crisis, but is it good for the economy? Of course not, and it is the exact opposite of the Reagan approach to his recession. Not only will the Obama government create all the new jobs, up to 3.5 million existing jobs will be “saved” by the government. By this twisted sound-bite, even if you have held a job for years, you still might owe it all to Washington. People should question Obama and other Democratic leaders’ continued bashing of the economy and businesses when many leading indicators suggest things have already bottomed-out. This blog predicts that Obama will continue to bash business well after the recession by citing unemployment, which always lags a recovery. Such is the sad strategy of government expansionists operating free of any checks to their power.
A commentary on the foibles of the US's political and media elite
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